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Home My WebLink About1944 223850 ~ THIS INDENTURE. Mad~ the lith day of February S - A.D. 19 72 between Paul H. Desbozough and Donna Desborouqh, his wife _ St. LuCle r 1 of Co~nty Florida, IltffiMftO! designatcd as the `MORTGAGOI~" •nd FIRST fEDERAI SAVINGS AtvD tOAN ASSOCIATION OF fORT PIERCE, • rn~por~t:on or9+ni:ed and e:~s~ing under the taws of the Un+ted S~~t~s of Amerita and haviny in printip+l pl+ce of busineu in tM ~ity of Fwt Pi~rc~, S~. luc~e Co~~ty. Flwida, hereinaher deiyi++ted tM "N10RiGAGEE:' WHEREAS tM MORTGAGOR is juitly indebted to fM MORTGAGEE in the sum of f l i~ 6OO , good and lawful money of the Un~ted S~ates advanced by the MORTGAGEE uoto the MORTGAGOR, a~ evidenced by a cer~ain promitso?y no~e of even date hcrewitb, of whuh the iollow:ry in ~ words and figures it a trw copy, to-wit: ' ' z11.600.00 ~ 3-17,958 fwt Peeres, florids, ~ebruary ll ~ ~q72 Fw value received, 1, we w e~ther of us, prom~se to pay, vri~hout de{alcation, to the order of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF 11 600 00 - FORT PIERCE at Fo~t Pierce, fbrid~, the sum of = ~ • w~th interest from d~te at the rate of 7• 75OK pa annum, in monthly inslall- ~ ~~~ents +s foltows: S 96 on the 1 S t day of Apr i 1 , ~9 72 and a like sum on the carespond~ny day of esch month therr afrer until the whole be fully pud. ~ Each installment firs/ shall be applied in payment of the interesl and thcn on the unpaid balance of the prinupsl sum. If d ault is made in ths ~a,r~nent of any instatlmcnt whcn due, and such default mntinucs 30 days, then at the opti~n of the holdrr, and withou? any other notice, all the remaining ~ :ns~allments shafl be due and payabte at once. Privilege is given ro prepay this note in whole or in part at any time without penalty. Neithcr forebesrsnce, ~ nor acceptartce by the holder tFxreof after any default i~ any payments hereon, shall be deemed extensio~. A late payment cha~ge of S 4• 8 sha~~ be added to each ins?aliment remaininp unpa~d 7 days after its due date, and a I~ke sum shatl be addrd to eacn such installment rems+ning unpaid 7 days after ~ each sutceeding payment date. Eech maker, surety and endwser hereof, jointly and severally, waives demand, presenrment protest and notice of protest fa nonpayment, a~d furtixr ~ agrees to any extension of time of paymcnt, either before or after maturity, without notice to any of us; and to pay all costs of mllection, includ~ng a ` reasonable attaney's fee in the event of any default hereunder, and hereby severetly wa~ves ati benefit of homestead and exemption under the constitutiw~ ~ and Iaws of each State of the United States, as against this obligation w any extension or renewal hcreof. Witne:s the hand and ieal of each party. \ s/ Paul H. Desborough ~U (SEAU ~ s/ Donna Desbozouqh ~ ` (s~?i) ~ 517. 40 t state Revenue (Stas~ps se~edis~ ss sdp'srl~old ~ NOW, THEREfORE, the MORTGAGOR fw the purpose of securing payment of s+~d sum of = 11 ~ 600. 00 a~d tM perfwmance of tM ~ covenants and sgreements hereinafter expressed, and fw d~vers good and valusble considentions, - by theae presents, does grant, bar9ain, ietl, rem~se, ~ release, tonvey ~nd confirm unto the MORTGAGEE, its successort ~nd auigns, all that certain lot, p"~ete or parcel of Iand, situate, lyinp, snd beinp in ths J County of SL . ~.LiCl@ and Stste of Florida, dexribed is fol{ows: ~ Lot 4, Block 5, PINEWOOD SUBDIVISION, as pez plat thereof on file in Plat Book 5, page 24~ Public Records of St. Lucie County, Rlorida,~ i ~ ~ ~ j ~ ~ i Fy 6 A ~ e ~ A ` V }'-211) ~ cF r STA~~!P ~AX S CU~, jEtT~A°~~.~.`'~-~ ~ ' Z D~fE81~'n . ~ ~ 40 ; ~<<,~ ~ 7 ~ O = ?vE. • c; ~;"ED ~~.3 -2 ~ IN PAtlMfNT OF TAXES r c~ D[?t.GF Riif . ~ p0. N t4ot t2 L.~ 0'd ClASS 'C INTANGIBLE PERSOKAL PROPf R'TY, n_ .;:~ST TO CWIPTER ~1-134. A~SS OF 1971. { k PUIfnAS, C1ar~ C.-wi~ C u.!, S:. Luc- ~ij. ~ ~ ~ ~ together with •II ~nd singular the tenemenn, hereditsmenb snd sppurtances iherw~to btlonging or in anywiie apperfaininp thertfo, and ~II renri, iu~, ~ Proceeds and profin sccruing snd ro ~ccrw from said premise~, all of wFiKh are i~cluded in the ~bov~ and for~yoinp desuiptan and lubendum. ~ TO HAVE AND TQ HQlO the sbow dewtbed and yranted prcmises unto the said MORTGAGEE, it~ wcceswn and ~uigra forewr. Md tM s+id y~ MORTGAGOR fw t Ile 1! heirs, executon, administratws ~nd •ssigns, M.eby cove~»nn w~th ~he said ~1110RTGAGEE, its wccesson a+d ~ssipro. thev ar ~ rhat - g-- lawfully sei:ed of the said premis~s in fe~ simplr, that the s+me are fne, ckar snd dischuyed from ~II li~ro ~nd a~cueo- r~~ brances in law or ir? equity, and tMt they will and L~1@lI heirs sMl~ warr~nt ~+~d defend th~ titk to the s+m~ to tM said _ MORTGAGEE, its sucusso~s and auiy~s, fuever against the Iawful claimt and demands of alI persa»; PROVIDE~, AlWAYS that if the MORTGAGOR shall pay uMO the MORTGAGEE tM promisso?y note hereinbefqe desvibed W+d sMl! truly, promptly ~ ' and fully perfwm, d~uharge, execute, complet~, comply with ~nd ~bide by esch and every the sripulatiw?~, ~greements, cond'n'aro snd covtnan» of said promisapy note ~nd of this Ntortyspe, then this Mortg+ge and the Estate hereby veated shalt ua~e ~nd b~ ~ull ~nd void. ~ II IS UNDERSTOOD that tM wud "Mort~agw" whethe~ i~ ths singula? w plw+l anywhe?t in th+s Mwtgpe, sh~ll be sinpul~r if on~ only and : _ shsll be plural jointly ~nd ~everally if mor~ than one, and that the word "their" as vsed anywher~ in thia Mort9aQ~ shsll b~ taken to mtan "his:• •'htn•• ~ or "its,' wherever the contcxt w implies or sdmits. Also, tMf wherever thcre is ~ reference i~ tiw covenants and ayreen?ents he~ein oa~tsinad to any of = the p~rties herero, the samt aMll b~ construed to mean ~s weN as Ihe he'as, I~yal rtpresentativp, tuccessan a~d assiyro (eithet voluntary by ~ct of th~ - psrties w involuMary by operation of. the law) of the surx and that ~he covenaets herein contained shsll bi~d ~nd ths benefib and adv~nfapq lnw~ i to the respective heirs, leyal reprexntatives, successon aod au~gra of tM psrties htreto. i And faid Mortga9ori, iw ~hemselves and their hein, lay+l representatives, sucusso~s and •uiflns, hereby joinHy and s~verally covenant ~~d ayne - ro and with the wid MORTGAGEE, iti successors and assiyns: - 1. To pay alt and ~inpvt+r the printip~l and intetest and ttN vsrious ~nd sundry sums of money payabk by virtue of said promistory note, a~d thii mortyaye, e+ch and every, promptly on ~M days respectivtly the same s~wraUy becorn~ dw. 2. 7o pay •11 ~nd singulu tl+~ taxes, assesunenn, kvie~, liabiliries, obliyations snd ~ncwnbrances of tvery nature and kind now a+ said desuib~d property, or th~t hereafter may be imposed, suffered, pl~ced, kvied, a+ssessed thereon, w~Mt here+fter may b~ levi~d a asses~sd vpon thb Mwt¢ _ aye, or tM inde6tedneu secvred hereby. ~ach and wary, when due and p~yable. ~ccwdirg ~o law, befa~ they becan~ delinqw~t, and b~fore any int~rat - arraches w any penalty is inturred; ANO INSOFAR AS ANY THEREOf IS OF RKORD THE SAME SHAII BE PROMPTIY SATISFIED AND DtSCHARCsED OF RECORD ANO TME ORIGINAL OFFIGIAL OdCUMENT (SUCH AS, fOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PMER OffIC1AlLY ENDORSED - OR CERTIFIEO) SHAtI BE PtACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENI; and in the ewM tMt any thereof is not - pa~d, sat sfied and dixharged sa:d MORTGAGEE may at a~y t~me pay the same w any psrt the~eof without w~iving w affecting any option, lien, equity w •+phr undn or by virtue o( this mortysQe and the full ~mount of each and every svch paymem shall be immediately due and paysbl~ and shall btar inter~sr ~ _ f.om the d~te thereof untii psid at r~fe of n~ne per centum per annum and toyether w~th such tRti secur ~ lien of th:~ morgtape. ~ 5 ~ . . . _ _ _ . _ ~ _ . ~ _ . ~ ' .